KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 197 ANNUAL REPORT 2018 19. DEFERRED TAXATION (CONT’D.) The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows (cont’d.): Deferred tax liabilities of the Bank: Excess of capital allowances over depreciation Total RM’000 RM’000 At 1 January 2018 (5,649) (5,649) Recognised in profit or loss (585) (585) At 31 December 2018 (6,234) (6,234) At 1 January 2017 (3,132) (3,132) Recognised in profit or loss (2,517) (2,517) At 31 December 2017 (5,649) (5,649) Deferred tax assets of the Bank: Fair value reserve Impairment allowance and provisions Total RM’000 RM’000 RM’000 At 1 January 2018 1,527 11,920 13,447 Impact of adopting MFRS 9 (307) 489 182 At 1 January 2018, restated 1,220 12,409 13,629 Recognised in profit or loss - (1,822) (1,822) Recognised in other comprehensive income (1,907) - (1,907) At 31 December 2018 (687) 10,587 9,900 At 1 January 2017 2,327 8,359 10,686 Recognised in profit or loss - 3,561 3,561 Recognised in other comprehensive income (800) - (800) At 31 December 2017 1,527 11,920 13,447